338 8th St SWForest LakeMN55025
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Forest Lake at 338 8th St SW, Forest Lake, MN, 55025 listed at $350,000 pairs $2,718/mo rent with a $1,713/mo payment to leave $533/mo cash flow. Total monthly income runs $2,718/mo, and annual cash flow reaches $6,390/yr on $116,025 cash to close. Return on cash invested measures 25.42% in year one, and rental yield registers 9.32% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 132.46% and total cumulative return in cash totals $153,686. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,718/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55025, Forest Lake, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,772 (100%) |
| Owner Occupied HU | 7,643 (71.0%) |
| Renter Occupied HU | 2,675 (24.8%) |
| Vacant Housing Units | 454 ( 4.2%) |
| Median Home Value | $461,158 |
| Average Home Value | $494,213 |
Housing Distribution
Address Breakdown
Residential
10,705
Single Family
8,739
Multi-Family
1,966
Businesses
794
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Listed by: Mac Schultz • RE/MAX Synergy
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6821463